THE GLORIA FOUNDATION INC

EIN: 462226466 501(c)(3) Human Services

MONTVILLE, NJ

Total Revenue
$33,581
Total Expenses
$2,615
Total Assets
$105,174
Net Assets
$105,174
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NJ
Principal Officer
KAREN ARAKELIAN
Phone
2014000070
Tax Period
2023-07-01 to 2024-06-30

THE GLORIA FOUNDATION INC, founded in 2013, is a micro nonprofit in the Human Services sector that reported $34K in total revenue in fiscal year 2023. The organization ran a surplus of $31K, a strong 92% operating margin.

Mission

DESIGN CONSIGN IS OWNED BY THE GLORIA FOUNDATION AND ITS EXPRESS PURPOSE IS TO FULFILL THE MISSION OF THE GLORIA FOUNDATION BY GENERATING FUNDS FOR THE BENEFIT OF THE VICTIMS OF DOMESTIC VIOLENCE.DESIGN CONSIGN IS A CONSIGNMENT SHOP WHICH RECEIVES CLOTHING, ACCESSORIES, HOUSEHOLD ITEMS AND FURNITURE BOTH ON CONSIGNMENT AS WELL AS DONATED ITEMS. THE ITEMS ARE THEN AVAILABLE FOR SALE AT THE CONSIGNMENT SHOP. THE PURPOSE OF THIS CONSIGNMENT SHOP IS FOR THE BENEFIT OF THE VICTIMS OF DOMESTIC VIOLENCE. ALL OF THE REVENUE GENERATED FROM DESIGN CONSIGN, ALONG WITH FUNDRAISING ACTIVITIES FROM THE GLORIA FOUNDATION IS DONATED TO PROVIDE RESOURCES TO LOCAL SAFE HOUSES AND DOMESTIC VIOLENCE ORGANIZATIONS TO FULFILL THE MISSION OF THE GLORIA FOUNDATION. EVENTS ARE HELD AT THE CONSIGNMENT SHOP FOR THE EXPRESS PURPOSE OF RAISING REVENUE TO SUPPORT THE GLORIA FOUNDATION. FURNITURE AND CLOTHING FROM THE CONSIGNMENT SHOP ARE ALSO DONATED TO THE VICTIMS OF DOMESTIC VIOLENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,603
Program Service Revenue $3,795
Investment Income $183
Other Revenue $0
TOTAL REVENUE $33,581

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,615
Other Expenses $115
TOTAL EXPENSES $2,615

Year-over-Year Comparison

2023 2022 Change
Revenue $33,581 $32,615 +0.0%
Expenses $2,615 $18,222 -0.9%
Net Income $30,966 $14,393 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN ARAKELIAN PRESIDENT 10.00
Officer Director
$0 $0 $0
DENNIS ARAKELIAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DEBORAH NAPPI TREASURER 1.00
Officer Director
$0 $0 $0
RITA MAZZUCCA NEARY SECRETARY 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $33,581 $2,615 $105,174 $30,966
2023 $32,615 $18,222 $74,351 $14,393
2022 $14,927 $12,062 $59,958 $2,865
2021 $20,026 $37,810 $57,093 $-17,784
2020 $103,299 $161,488 $74,877 $-58,189
2019 $230,326 $238,545 $133,335 $-8,219
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